Croda International (OTCMKTS:COIHY) Sees Large Volume Increase - Here's What Happened

Key Points

• Croda International PLC experienced a significant trading volume increase of 195%, with around 175,819 shares traded on Tuesday compared to the previous session's 59,623 shares.
• Analysts have mixed ratings for Croda International, with one analyst giving a Strong Buy rating, while Kepler Capital Markets recently downgraded the stock to a "strong sell."
• The company announced a dividend cut with a yield of 361.0% to be paid on October 22nd, following a record date of September 1st.

Croda International PLC Unsponsored ADR (OTCMKTS:COIHY - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 175,819 shares traded hands during mid-day trading, an increase of 195% from the previous session's volume of 59,623 shares.The stock last traded at $17.11 and had previously closed at $17.04.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised shares of Croda International to a "strong sell" rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

Croda International Price Performance

The firm's 50-day simple moving average is $18.17 and its 200-day simple moving average is $19.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 2.63.

Croda International Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 22nd. Investors of record on Monday, September 1st will be paid a $0.2558 dividend. The ex-dividend date is Friday, August 29th. This represents a yield of 361.0%.

About Croda International

Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company offers speciality and active ingredients across beauty care, beauty actives, and home care products, as well as fragrances and flavours.

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